Ativo Capital Management LLC cut its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,802 shares of the industrial products company’s stock after selling 4,100 shares during the quarter. Ativo Capital Management LLC’s holdings in Crown Holdings were worth $2,315,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Crown Holdings by 3.9% during the first quarter. Vanguard Group Inc. now owns 11,951,527 shares of the industrial products company’s stock valued at $632,833,000 after purchasing an additional 453,693 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Crown Holdings by 8.7% during the second quarter. Lazard Asset Management LLC now owns 10,225,857 shares of the industrial products company’s stock valued at $610,074,000 after purchasing an additional 819,689 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Crown Holdings by 3.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,079,572 shares of the industrial products company’s stock valued at $480,762,000 after purchasing an additional 338,416 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Crown Holdings by 5,730.2% during the first quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock valued at $431,880,000 after purchasing an additional 8,016,500 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Crown Holdings by 1.2% during the second quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock valued at $331,756,000 after purchasing an additional 64,738 shares during the last quarter. 90.12% of the stock is owned by institutional investors.
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Shares of Crown Holdings, Inc. (CCK) traded down 1.10% during trading on Tuesday, hitting $60.50. The stock had a trading volume of 140,261 shares. Crown Holdings, Inc. has a one year low of $51.57 and a one year high of $61.39. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 17.33 and a beta of 1.39. The stock’s 50-day moving average price is $58.74 and its 200 day moving average price is $56.99.
Crown Holdings (NYSE:CCK) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.02. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $1.19 earnings per share. On average, equities analysts forecast that Crown Holdings, Inc. will post $4.03 EPS for the current year.
Several research firms have recently commented on CCK. Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a report on Wednesday, July 12th. KeyCorp reaffirmed a “hold” rating on shares of Crown Holdings in a report on Thursday, July 20th. Vertical Research lowered Crown Holdings from a “buy” rating to a “hold” rating and upped their target price for the company from $60.00 to $64.00 in a report on Friday, July 21st. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Monday, July 24th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $69.00 target price (up from $63.00) on shares of Crown Holdings in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Crown Holdings has an average rating of “Hold” and an average target price of $64.56.
About Crown Holdings
Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.
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